Twitter: @rodgermitchell; Search #monetarysovereignty
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Mitchell’s laws:
●The more federal budgets are cut and taxes increased, the weaker an economy becomes.
●Austerity is the government’s method for widening the gap between rich and poor,
which ultimately leads to civil disorder.
●Until the 99% understand the need for federal deficits, the upper 1% will rule.
To survive long term, a monetarily non-sovereign government must have a positive balance of payments.
●Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
●The penalty for ignorance is slavery.
●Everything in economics devolves to motive.


Recently, Republicans have entertained us with a combination of screw loosedness, mia culpidness and downright “I-see-nothing; I-know-nothingedness”: Sarah (Russian expert) Palin, Newt (marriage expert) Gingrich, Rick (God expert) Santorum, Rick (dumber than Bush II) Perry, Michele (even dumber than Perry) Bachmann, Herman (nein, nein,nein) Cain, Ted (shut down America) Cruz, and Marco (If I had a mind, I’d make it up) Rubio to name just a few.

These are the strange people to whom the Tea/Republican Party has given its love.

Today we are treated to Chris Christie, who follows in the happy tradition. I won’t bore you with the details of his story. You’ll be treated to them daily, for the next few months.

Let’s just say that in a fit of bully anger, this Republican Presidential Candidate decided essentially to close the busiest bridge in America, so as to punish a couple of Democrats, and in the process endangered the lives of several critically ill people, while inconveniencing thousands and costing a community hundreds of thousands.

And though this scandal began months ago, Christie somehow never asked anyone about it, only recently discovered it, denies ever knowing about it, feels sad he did it though he didn’t do it, and to protect his own butt, he fired a few people, who trying to stay out of jail, now have taken the Fifth.


Hmmm . . . Let’s see. Boss is a mean, vindictive SOB. He hires underlings in his own mold. His underlings are only too happy to screw anyone in the Boss’s way. But they slip up and are caught doing something illegal. Of course, the Boss denies everything and to protect himself, he fires everyone. It all sounds so familiar. Hmmm . . .

Song Lyrics:
Haldeman, Ehrlichman, Mitchell And Dean
(written by Bob Warren)

We’re Haldeman, Ehrlichman, Mitchell and Dean
The way we’ve been treated is really obscene
To think that a bug worth hardly a shrug
Could end up by getting us tossed in the jug

We all got the gate for no reason or rhyme
You’d think we’d committed some horrible crime
Our minds may be dirty, but our hands are clean
We’re Haldeman, Ehrlichman, Mitchell and Dean

We’re Haldeman, Ehrlichman, Mitchell and Dean
Our job was to see that the White House stayed green
We might have had flaws, like bending the laws
But God only knows it was for a good cause

There’s no power shortage where we were concerned
And what little profit resulted, we earned
For lovelier fellows you never have seen
Than Haldeman, Ehrlichman, Mitchell and Dean

We’re Haldeman, Ehrlichman, Mitchell and Dean
Our past has been fat, but the future looks lean
With backs to the wall, we’re taking the fall
But dammit, we only robbed Pete to pay Paul

Just when we were getting to be well-to-do
The Watergate turned into our Waterloo
And now everybody is out to demean
Poor Haldeman, Ehrlichman, Mitchell and Dean

Yes, we’re Haldeman, Ehrlichman, Mitchell and Dean
We’re perfectly willing to spill every bean
We’ve nothing to hide, with God on our side
He knows we were only along for the ride

But so it won’t come as terrible blow
There’s one little thing that we think you should know
Whatever we say isn’t quite what we mean
We’re Haldeman, Ehrlichman, Mitchell and Dean

Oh yes, we’re Haldeman, Ehrlichman, Mitchell and Dean
Things won’t be the same when we’re gone from the scene
But people will still recall with a thrill
Our sell-out performance on Capitol Hill

It just isn’t fair to take all of the blame
When all we were doing was playing the game
Now all of Washington’s caught in between
Haldeman, Ehrlichman, Mitchell and Dean

Economics may be the dismal science, but you can’t beat politics for entertainment.

Rodger Malcolm Mitchell
Monetary Sovereignty

Nine Steps to Prosperity:
1. Eliminate FICA (Click here)
2. Federally funded Medicare — parts A, B & D plus long term nursing care — for everyone (Click here)
3. Send every American citizen an annual check for $5,000 or give every state $5,000 per capita (Click here) Or institute a reverse income tax.
4. Free education (including post-grad) for everyone. Click here
5. Salary for attending school (Click here)
6. Eliminate corporate taxes (Click here)
7. Increase the standard income tax deduction annually
8. Increase federal spending on the myriad initiatives that benefit America’s 99% (Click here)
9. Federal ownership of all banks (Click here)


10 Steps to Economic Misery: (Click here:)
1. Maintain or increase the FICA tax..
2. Spread the myth Social Security, Medicare and the U.S. government are insolvent.
3. Cut federal employment in the military, post office, other federal agencies.
4. Broaden the income tax base so more lower income people will pay.
5. Cut financial assistance to the states.
6. Spread the myth federal taxes pay for federal spending.
7. Allow banks to trade for their own accounts; save them when their investments go sour.
8. Never prosecute any banker for criminal activity.
9. Nominate arch conservatives to the Supreme Court.
10. Reduce the federal deficit and debt

No nation can tax itself into prosperity, nor grow without money growth. Monetary Sovereignty: Cutting federal deficits to grow the economy is like applying leeches to cure anemia.
Two key equations in economics:
1. Federal Deficits – Net Imports = Net Private Savings
2. Gross Domestic Product = Federal Spending + Private Investment and Consumption – Net Imports

Monetary Sovereignty Monetary Sovereignty

As the federal deficit growth lines drop, we approach recession, which will be cured only when the lines rise.